Average rent in South, Nanaimo
The average 1-bedroom rent in South, Nanaimo is $1,393 a month, and a 2-bedroom averages $1,682 (CMHC Rental Market Survey, October 2025). New leases cost more: the average 1-bedroom asking rent in Nanaimo is $1,897 (Rentals.ca, September 2026).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $1,068 |
| 1-bedroom | $1,393 |
| 2-bedroom | $1,682 |
| 3-bedroom+ | $1,998 |
| All units | $1,521 |
Across all unit sizes, rents here average $1,521, which is 10% below the Nanaimo metro average of $1,688. If you pay much more than this for a similar unit, you might be overpaying, but newer buildings and recent leases usually cost more than these averages.
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
What new renters are asked (Rentals.ca)
| Unit size | Average asking rent |
|---|---|
| 1-bedroom | $1,897 |
| 2-bedroom | $2,261 |
Source: Rentals.ca & Urbanation National Rent Report, Oct 2026: average asking rent by city and bedroom, September 2026. City-wide figure for Nanaimo covering all listing types. If you moved in during 2024 or later, we compare you with these figures.
Paying more than this in South? Check in 10 seconds →